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Apr 19, 2013
04/13
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> welcome back. we will have the very latest on the manhunt in boston in a moment. let's round up headlines in the business world first. courtney reagan with that. >> thank you, maria. stocks closing higher but for the week, the major end sis slumped. the dow and s and sp dropped more than 2%. boeing's dreamliner may be back in the air jen. u.s. aviation regular lay tomorrows approving a series of fixes on the 787. the faa saying it will issue instructions to operators that will allow the 787 to return to service with the battery system modifications. >>> shares of apple posting the second largest weekly decline in 2 1/2 years, down more that 9 percent. shares are down 45% from hitting the all-time high in september, marking a loss of more than $294 billion in fact cap. >>> ibm is trading down more 8%, marking
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> welcome back. we will have the very latest on the manhunt in boston in a moment. let's round up headlines in the business world first. courtney reagan with that. >> thank you, maria. stocks closing...
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Apr 16, 2013
04/13
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so unless money was going either to uncle sam for taxes or to meet margin calls, like mandy suggested, people were stockpiling greenbacks. good idea, or is cash while still safe not a good bet? first to you, is cash king or is it the most unattractive asset out there right now? >> it's need. nothing beats it, i do think, though, investors can probably do better in the existing marketplace, so i think unless you're really risk averse or need the cash, you can probably do better. whether it's stocks or bonds, or even commodities as much as have been beating down lately. the question is, is where -- >> well, first of all, the children's hospital that michael just made. to me gold -- cash, parking spot. i think the concerns, of course, that during periods of volatility. there's a tend anyto gravitate. cash is one of the places where you want to put money on a very short-term basis. now the real issue here is about what gold represents in terms of a safe haven. we've always argued that gold is not an up permeable, if protects against extreme outcomes. it protects against the basement of cu
so unless money was going either to uncle sam for taxes or to meet margin calls, like mandy suggested, people were stockpiling greenbacks. good idea, or is cash while still safe not a good bet? first to you, is cash king or is it the most unattractive asset out there right now? >> it's need. nothing beats it, i do think, though, investors can probably do better in the existing marketplace, so i think unless you're really risk averse or need the cash, you can probably do better. whether...
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Apr 22, 2013
04/13
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a few states don't collect sales tax. it means that everybody else in the country is subsidizing their employers. when you say it's bad for small business, i don't understand why. it's the small brick and mortar companies that are being hurt by the current law and, therefore, we're losing employment in states among small retail outlets not on the internet because we're subsidizing thee other states who don't collect the sales tax. >> senator ayotte, your response. >> my response is this is a big money grab from the states. can you imagine requiring these online businesses to collect for almost 9,600 tax jurisdictions throughout the country. talk about burdens on businesses. by the way, this is big retailers and business lining up for smaller online businesses to have to do their tax collection for states. it is so wrong. actually the last thing we should do and a precursor to other things they will try to grab using the internet including taxing the ber net in my view. >> i wasn't for if sales tax until i saw art laffer o
a few states don't collect sales tax. it means that everybody else in the country is subsidizing their employers. when you say it's bad for small business, i don't understand why. it's the small brick and mortar companies that are being hurt by the current law and, therefore, we're losing employment in states among small retail outlets not on the internet because we're subsidizing thee other states who don't collect the sales tax. >> senator ayotte, your response. >> my response is...
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Apr 24, 2013
04/13
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i would much rather see a full tax report of a low rate, flat tax. get rid of all this garbage and nonsense. >> ah! >> have one low rate which jerry brown proposed in 1982 and be done with all these other problems. >> we double tax investment and savings. why don't we just tax consumption. in other words, investment savings is the seed core of the whole country. that's why new jobs, new income. why would we want to tax savings, much less double and triple tax? >> sadly, larry, in washington, much of the economics profession as well does not understand that investment is the mother's milk of pros period of time. without investment, you don't get a higher standard of link. trying to put caps on capitalization is ridiculous. we should be moving back through the flat tax or other reforms and in terms of what the president proposed on 401 ks, larry, you know and i know that's the beginning. first of all, they lied no us about social security, they are double taxed. we were told they would not be taxed when we were retired. they've moved back on that promi
i would much rather see a full tax report of a low rate, flat tax. get rid of all this garbage and nonsense. >> ah! >> have one low rate which jerry brown proposed in 1982 and be done with all these other problems. >> we double tax investment and savings. why don't we just tax consumption. in other words, investment savings is the seed core of the whole country. that's why new jobs, new income. why would we want to tax savings, much less double and triple tax? >> sadly,...
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Apr 23, 2013
04/13
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he wants to end the spending cuts so he can raise taxes. you know it and i know it. and kevin brady knows it. thank you, mr. brady, we appreciate it. >> thank you. >> very much. now, folks, some more bad news. i don't know. a huge insider trading scandal broke earlier this month. a washington lobbyist tipped off some investors to an $8 billion increase in government health care spending. now, cnbc's eamon javers has new details about this grisly story. once again, good evening, eamon. >> good evening, larry. the new details are that the law and lobbying firm green and troutwig has received and is responding to a subpoena from the s.e.c. in this matter. they are involved in a situation here, because the allegation is that a separate firm called hight securities sent a tip to wall street clients that changes were coming to medicare. there was an employee involved in the chain of communication of e-mails of some of this information. now greenbergtroutwig also saying today they're going to get out of the business of so-called political intelligence. that's when firms in
he wants to end the spending cuts so he can raise taxes. you know it and i know it. and kevin brady knows it. thank you, mr. brady, we appreciate it. >> thank you. >> very much. now, folks, some more bad news. i don't know. a huge insider trading scandal broke earlier this month. a washington lobbyist tipped off some investors to an $8 billion increase in government health care spending. now, cnbc's eamon javers has new details about this grisly story. once again, good evening,...
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Apr 22, 2013
04/13
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we're in a cycle now, it's the fourth year in a row where you get this increase in volatility after tax time. and you see all the companies revising their earning forecast to temporary expectations. and so typically in the next month or two we'll have some external macro surprise that will get everyone concerned again. it's been a very consistent pattern that we do well in the fall and the early spring and then cool off and get more volatile. >> rick santelli, markets all waiting for these earnings reports this week. in the meantime among your markets, gold has bounced big today. the dollar is still flirting with 100 yen. what are you watching? what are the benchmarks you're keeping an eye on this week? >> well, you know what, i think the biggest benchmark that i'm going to pay attention to is the dax stock index in germany. it's down about 1.75% on the year. last week not only were eurozone car sales, registrations off, but germany was off in particular. i think keep it simple. i think as those auto numbers deteriorate, it's just going to exaggerate all the other weaker economies. and
we're in a cycle now, it's the fourth year in a row where you get this increase in volatility after tax time. and you see all the companies revising their earning forecast to temporary expectations. and so typically in the next month or two we'll have some external macro surprise that will get everyone concerned again. it's been a very consistent pattern that we do well in the fall and the early spring and then cool off and get more volatile. >> rick santelli, markets all waiting for...
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Apr 23, 2013
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> welcome back to cnbc. disappointing figures out of germany keep market gains in check with investorers concerned about weaker than expected data in china. a mixed set of numbers in europe with kpm disappointing, but more positive earnings from escona. apple is getting set to report much anticipated results around noon. analysts get set for a shrink for the first time in aek did aid. >> your data alert out of britain, that compare bes a 15.5 billion establishment and $16.7 billion a year ago. as britain's finances come more and more into focus, the question then becomes what these levels will continue to look like. chris williamson is still here. we're seeing a sell-off in sterling by 15.1%. how does that drive with your expectations? >> it's a little better than the market was expecting. and importantly, this
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> welcome back to cnbc. disappointing figures out of germany keep market gains in check with investorers concerned about weaker than expected data in china. a mixed set of numbers in europe with kpm...
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Apr 23, 2013
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. >> 10,000 tax jurisdictions. that's ridiculous. >> it's a lot. thanks a lot. airlines, railroads and the all important apple. all those reports out today. and the earnings squad standing by to break it down. this can save you hundreds of dollars on your cell phone blil. why millions around the world are kicking it when the ceo of kik messenger joins us live. the ocean gets warmer. the peruvian anchovy harvest suffers. it raises the price of fishmeal, cattle feed and beef. bny mellon turns insights like these into powerful investment strategies. for a university endowment. it funds a marine biologist... who studies the peruvian anchovy. invested in the world. bny mellon. [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ge has wired their medical hardware with innovative software to be in many places at the same time. using data to connect patients to software, to nurses to the right people and machines. ♪ helping hospitals treat people even better, while dramatically reduc
. >> 10,000 tax jurisdictions. that's ridiculous. >> it's a lot. thanks a lot. airlines, railroads and the all important apple. all those reports out today. and the earnings squad standing by to break it down. this can save you hundreds of dollars on your cell phone blil. why millions around the world are kicking it when the ceo of kik messenger joins us live. the ocean gets warmer. the peruvian anchovy harvest suffers. it raises the price of fishmeal, cattle feed and beef. bny...
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Apr 22, 2013
04/13
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go back and look at my taxes. i do pay. >> scoff law. >> you're a total liar. go back and look at my taxes. >> the irs have already audited me twice in the last 12 years. >> by the end of the show he will have a problem with the faa and the irs. are you sure you want to co-op it going? >> right. >> sec is next. >> right. >> the suspect in last week's boston marathon bombings now responding thankfully to investigators's questions making a dramatic turn for law enforcement officials definitely trying to piece together what was behind the attack and answer the all important question of why. scott cohn is in boston and the latest on the investigation. scott, it looks like the suspect cannot speak because of a gunshot wound to the neck, which sounds like, according to various reports, was likely self inflicted. >> that's right, brian. we're hearing that most of those responses from dzhokhar tsarnaev are in writing. it could be this morning we see the formal criminal charges. and the fact that they took time to put this
go back and look at my taxes. i do pay. >> scoff law. >> you're a total liar. go back and look at my taxes. >> the irs have already audited me twice in the last 12 years. >> by the end of the show he will have a problem with the faa and the irs. are you sure you want to co-op it going? >> right. >> sec is next. >> right. >> the suspect in last week's boston marathon bombings now responding thankfully to investigators's questions making a dramatic...
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Apr 22, 2013
04/13
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. >> some americans are changing the way they do business to avoid paying any federal taxes. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >> >> well, the gold bulls are saying it's about time. gold is finally rallying today. sharon epperson is tracking. it was quite a week. >> it was quite a week and day last monday. the biggest dollar lo
. >> some americans are changing the way they do business to avoid paying any federal taxes. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. but we can still help you see your big picture. with...
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Apr 21, 2013
04/13
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just stay alive... but feel alive. the c-class is no exception. it's a mercedes-benz, through and through. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. >>> the stories coming up in a week ahead that may move the markets-- the heaviest week for earnings on the first quarter. apple, netflix, at & t. watch for caterpillar, boeing, ford, p & g,
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get...
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Apr 16, 2013
04/13
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> we are waiting for goldman sachs and coke. it was indicated higher. it's less clear now. closes 253.86. i did see trading on word that the company beat us. just under $4 trillion. coke is out. coke is reporting. we're going to look at case volume and everything else. looks like the the adjusted number is 46 cents a chair versus expectations of 45 cents. >> gown from 11.4 billion in the year ago period. now, we're also going to give you all of these case volume estimates and we'll try to figure out all the different parts of the world that we're looking for. worldwide looking for case volume up 3.1% in north america. the company says for the first quarter it was 4%. first quarter 4%. >> there's a big announcement the company put out 10 minutes ago saying they are taking steps with five of the bottling partners
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> we are waiting for goldman sachs and coke. it was indicated higher. it's less clear now. closes 253.86. i did see trading on word that the company beat us. just under $4 trillion. coke is out. coke is...
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Apr 23, 2013
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we have uncertainty around tax. china's government is just now firmly in place and starting to take action. so i think that didn't allow things to progress on that side as well in the first quarter. >> in terms of china, we spoke yesterday with doug from caterpillar. he said in china things look a little better than they had to this point. what's your business in china look like? >> our business depends on the sector. things like nutrition and health food and agriculture, we're making great progress. automotive. in china, builds were up 12% year over year. in other areas that are infrastructure related, they have been lagging 6% to 9%. things about transformers or motors or generators. we see a lot of indication that's starting to loosen up and improve. >> i'm a nascar fan. i'm a jeff gordon fan. he's my favorite driver. i'm starting to see your name a little bit less on the 24 car. which makes me think automotive paint not where you need to be. i'm surprised by that given the automotive industry has done so well. w
we have uncertainty around tax. china's government is just now firmly in place and starting to take action. so i think that didn't allow things to progress on that side as well in the first quarter. >> in terms of china, we spoke yesterday with doug from caterpillar. he said in china things look a little better than they had to this point. what's your business in china look like? >> our business depends on the sector. things like nutrition and health food and agriculture, we're...
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Apr 22, 2013
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as they're essentially a sales tax on investors. the financial industry is worried that this could be a back door financial transaction tax. >> there are a lot of taxes moving in washington, that's for sure. >> thanks a lot, eamon javers. when we come back the sequester effect on travel. faa employee furloughs began yesterday so should we all get ready for a lot more airport delays all around the country? we'll talk to the department of transportation inspector general mary shaf ov when we come back. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ >>> about >>> about an hour into trading and some of the stories we're squawking about. existing home sa
as they're essentially a sales tax on investors. the financial industry is worried that this could be a back door financial transaction tax. >> there are a lot of taxes moving in washington, that's for sure. >> thanks a lot, eamon javers. when we come back the sequester effect on travel. faa employee furloughs began yesterday so should we all get ready for a lot more airport delays all around the country? we'll talk to the department of transportation inspector general mary shaf ov...
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Apr 23, 2013
04/13
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for millions of us, a new tax may -- may be on the way. first to sue with the new york stock exchange. >>> and you said it, ty, the bulls are indeed jumping for sure on wall street. the dow right now is up triple did you get, up 137 points or so on the dow jones industrial average. the nasdaq is up 37, almost 38 points, the s&p 500 is at 1577. that's a gain of 15 1/2 points. the russell 2000 is participating as well with the biggest percentage gain of those indices, up 12 points. bob pisani and art cashing, director of floor operation joins me, and the reason i point out the russell is it's the broader-based index, which bodes well i think for the bulls today. >> it's big. it's been a real drag. the russell which has a lot of smaller caps built in also had kind of trailed. people used that divergence to say maybe things aren't right. the fact we're all plays together, particularly the russell -- >> playing nicely in the sandbox, bob. >> it's a great relief. the earnings turned out well. last week we saw ge and tech tron, a bit of disappoin
for millions of us, a new tax may -- may be on the way. first to sue with the new york stock exchange. >>> and you said it, ty, the bulls are indeed jumping for sure on wall street. the dow right now is up triple did you get, up 137 points or so on the dow jones industrial average. the nasdaq is up 37, almost 38 points, the s&p 500 is at 1577. that's a gain of 15 1/2 points. the russell 2000 is participating as well with the biggest percentage gain of those indices, up 12 points....
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Apr 18, 2013
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your piece today "tax internet sales." you want to raise taxes now. art, you've never heard this before. how can this be? >> you haven't heard it yet, larry, because it's not true. i didn't make the title of that article, just let me say that, but what i do think is all sales in a state should be taxed at same rate. outsiders shouldn't get an advantage over insider but what i think they should do is make it revenue neutral and lower the sales tax rate, just the amount of the new sales tax revenues from out-of-state sales. this internet stuff that's tax-free is just not fair competition. should have a level playing field and keep all tax revenues statistically revenue neutral. that's what i would like to see. you agree with me on that. >> i don't but i'll let sue herera take the new pitch. >> i see your point about leveling the playing field. look at a company like best buy, a lot of times what people do, go in, brows the store. >> exactly. >> but they don't buy at store. they go buy on the internet, and in many cases they don't pay tax on that so that
your piece today "tax internet sales." you want to raise taxes now. art, you've never heard this before. how can this be? >> you haven't heard it yet, larry, because it's not true. i didn't make the title of that article, just let me say that, but what i do think is all sales in a state should be taxed at same rate. outsiders shouldn't get an advantage over insider but what i think they should do is make it revenue neutral and lower the sales tax rate, just the amount of the new...
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Apr 23, 2013
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yes, payroll taxes are higher. our savings rates are a bit lower, but consumers are spending at higher levels this spring than they did last spring. >> so you don't see a slowdown? >> not at all. and in our category, especially not. >> what about currency translation? you have this race to the bottom, many central banks around the world are adding liquidity. japan, very prominently is doing that right now. that's got to hurt a company like yours, trying to sell goods overseas. >> it's hurt us modestly. in constant currency, as an example, our sales are off up 1 but because of the chain of reduction in the volume, we're only up 7%. it's impacted us a few cents ton bottom line as well. but we do some hedging and we are very diversified. >> what can you tell us about japan? it seems that's all we're talking about in terms of the market activity there, huge rallies, all the stimulus from the central bank there. what are you seeing on the ground in terms of the consumer in japan right now? >> pretty much, the same that
yes, payroll taxes are higher. our savings rates are a bit lower, but consumers are spending at higher levels this spring than they did last spring. >> so you don't see a slowdown? >> not at all. and in our category, especially not. >> what about currency translation? you have this race to the bottom, many central banks around the world are adding liquidity. japan, very prominently is doing that right now. that's got to hurt a company like yours, trying to sell goods overseas....
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Apr 17, 2013
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accused him of blood sucking off the american people for not doing so when carnival pays a poet total tax here. >> all right. let's go to scott in boston with breaking news. this is reporting by the boston globe which says that authorities have now gotten an image of somebody dropping a bag at the site of the explosion and that could potentially be a suspect. we don't know if there is an identity on that suspect. i want to show you down here some of what's been going on. this is a fire department ladder here but we saw just a short time ago. the news is the boston globe reporting that authorities have an image of somebody placing a package at the site of the tragic explosion on monday and that could be a suspect. we're following this and we'll keep you posted. >> people are asked if they took video with their mobile phones to turn that in. do we have any idea where that image came from? >> i don't. while i talk, let me show you more of these guys off the roof. there are a lot of people with cell phones and also surveillance cameras, at least three as we reported yesterday that were traine
accused him of blood sucking off the american people for not doing so when carnival pays a poet total tax here. >> all right. let's go to scott in boston with breaking news. this is reporting by the boston globe which says that authorities have now gotten an image of somebody dropping a bag at the site of the explosion and that could potentially be a suspect. we don't know if there is an identity on that suspect. i want to show you down here some of what's been going on. this is a fire...
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Apr 18, 2013
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com i know what you're thinking... transit fares! as in the 37 billion transit fares we help collect each year. no? oh, right. you're thinking of the 1.6 million daily customer care interactions xerox handles. or the 900 million health insurance claims we process. so, it's no surprise to you that companies depend on today's xerox for services that simplify how work gets done. which is...pretty much what we've always stood for. with xerox, you're ready for real business. only hertz gives you a carfirmation. hey, this is challenger. i'll be waiting for you in stall 5. it confirms your reservation and the location your car is in, the moment you land. it's just another way you'll be traveling at the speed of hertz. >> not so fast. our traders are quick. they're not always right. take a listen. >> i mentioned earlier, ene
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com i know what you're thinking... transit fares! as in the 37 billion transit fares we help collect each year. no? oh, right. you're thinking of the 1.6 million daily customer care interactions xerox handles. or the 900...
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Apr 18, 2013
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taxes just under $11,000. five bedrooms, 3.5 baths. historic property. built in 1794. >> when you think of philadelphia, this is philadelphia. pine floors. moldings. restored to perfection. 19 feet wide. fantastic garden. this is a corporate relo. a suburban person who raised their family and moving in with maybe older children. this is six fireplaces. it's exactly what philadelphia represents. >> are you seeing some bidding wars on some of the houses? >> we're seeing a tremendous amount of bidding wars primarily in entry level and move-up buyer level. in the million five to two million, those type of clients they make their decision when they want to make their decision. but as far as our 250,000 to $900,000 price range, multiple bids. >> i love philly. it's a fantastic city. >> we are counting down. in just over two hours, three megatech companies are going to report their earnings after the bill. google, microsoft and ibm. we will preview all three of them next. ♪ [ female announcer ] you're the boss of your life. in charge of long weekends and long
taxes just under $11,000. five bedrooms, 3.5 baths. historic property. built in 1794. >> when you think of philadelphia, this is philadelphia. pine floors. moldings. restored to perfection. 19 feet wide. fantastic garden. this is a corporate relo. a suburban person who raised their family and moving in with maybe older children. this is six fireplaces. it's exactly what philadelphia represents. >> are you seeing some bidding wars on some of the houses? >> we're seeing a...
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Apr 17, 2013
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> i'm feeling like a broken record, but once again, s&p 500 hitting fresh-session lows. being led lower by financials, technology, and energy. all of those spiders are lower by more than 2%. here's the financial spider getting weaker and weaker throughout the session. ditto, same intraday pattern for the technology, lower by more than 2%, and energy is lower, holy smokes, 2.75% for the xle. which brings us to crude, lower by 2.66%. down more than two bucks. bk, while we were sitting here, you sold brent. >> yes, i sold july brent about two minutes ago. and i was shorted yesterday. i covered it just about these prices. i wanted to get back in. so if you look at the inventory numbers today from the u.s., we had gasoline demand down, we've had production at highs since 1992. so you can go with the commodity oversu
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> i'm feeling like a broken record, but once again, s&p 500 hitting fresh-session lows. being led lower by financials, technology, and energy. all of those spiders are lower by more than 2%. here's the...
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com [ male announcer ] the first look is only the beginning. ♪ ♪ this is a stunning work of technology. ♪ this is the 2013 lexus es and the first-ever es hybrid. this is the pursuit of perfection. >>> the mayhem began last night. they shot the m.i.t. police officer in the head and killed him. the suspects carjacked a mercedes suv. >> there is a massive manhunt under way. we're asking people to shelter in place. in other words, to stay indoors. >> that pursuit ended up in watertown, massachusetts. a massive dragnet has ensued. >> officials apparently on the lookout for some accomplices other than the suspects that are related to the bombing itself. >> they were also looking for another suspect who they believed may have hopped on an amtrak train south toward connecticut. they did not find anyone on that train. t
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com [ male announcer ] the first look is only the beginning. ♪ ♪ this is a stunning work of technology. ♪ this is the 2013 lexus es and the first-ever es hybrid. this is the pursuit of perfection. >>> the...
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >> announcer: lightning round is sponsored by td ameritrade. >>> it is time, and it is time for the lightning round on cramer's "mad money," and taking the calls rapid fire. >> buy, buy, buy. >> sell, sell, sell. >> and i will tell you whether to buy, buy, buy or sell, sell, sell, and just so you know i don't know the questions ahead of time, and my staff prepares the questions on the fly, and when you hear this sound, it is time to move on to the next round. time to take some calls and people who want to know about the stocks. doug in michigan. >> caller: hi, jim. this is doug, and i want to know what you think of the futures of the financial situation with kcap financial. >> i know kcap and yields the same as anly, and i think that you should switch out of kcap and go the anly. donna texas. >> caller: boo-yah,
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >> announcer: lightning round is sponsored by td ameritrade. >>> it is time, and it is time for the lightning round on cramer's "mad money," and taking the calls rapid fire. >> buy, buy,...
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> on budget and on time, rio tinto says it's on track to expand iron ore output to 390 million tons this year under its $90 million project. the company is making good progress in its cost cutting drive, coping with the sharp fall in commodity demand. shares are higher this morning 1.74%. i want to get a thought here from martin hennecke. martin, what do you do with iron ore here despite the declines we've seen across the board for the commodity complex? >> it's a great time to manipulate because it has been monolithic growth on those metals and you see the physical buyers really moving in very strongly, for example, in china there because of, really, jewelry sales and it's taking off these days. that's vary clear buy. iron ore, the picture is somewhat more difficult. on the one hand, you have still reasonably
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> on budget and on time, rio tinto says it's on track to expand iron ore output to 390 million tons this year under its $90 million project. the company is making good progress in its cost cutting drive, coping...
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they're going to get rid of the l & g tax break, aren't they? >> right now, i don't know if we can count on having a tax incentive for this year. >> to keep that so it makes it the btu equivalent is the bad for you. >> this is insane. >> it is insane. >> so the government, today to use a clean domestic fuel produced in america, we pay more on federal highway tax than the imported diesel. 18 cents a gallon. >> who is your backer in congress who understands -- >> well, we're working it, jim, i hope somebody is watching it tonight. we got to get that fixed. it isn't a big number today. it puts us at a disadvantage. it needs to get fixed. >> i think of trucking. i think of fedex and ups. fedex right here, in the heart of gold, they're skeptical. i might as well say, listen, that's a bad idea. >> listen, fred smith is a great put a. >> ceo. >> ceo, we love him. >> we love him. >> he basically said, i'm going to electrifify my fleet. >> by the way, they have 90,000 vehicles and he said publicly we are going to gasify. i was on a panel with bill today
they're going to get rid of the l & g tax break, aren't they? >> right now, i don't know if we can count on having a tax incentive for this year. >> to keep that so it makes it the btu equivalent is the bad for you. >> this is insane. >> it is insane. >> so the government, today to use a clean domestic fuel produced in america, we pay more on federal highway tax than the imported diesel. 18 cents a gallon. >> who is your backer in congress who understands...
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> another day in the red has the major averages on track for their worst week of the year. josh lipton breaks down today's big movers. hey, there, josh. >> a down day for the market, but there were spots of green here. your biggest gainer in the s&p. let's start with that. peabody energy. the coal
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly...
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but are you going to have to raise prices because of this tax? >> no. we expect it's fwoing to be absorbed in the business. you think about the pressure that's on health care right now. we don't think it's necessarily going to be able to be passed through. so as a result we're going to have to be more effective, more efficient. we think there's still a tremendous opportunity for us not only here in the developed markets like the united states but particularly in emerging markets as well. >> where many emerging markets are big opportunities? are you talking about a place like china where you're seeing 7%, 8% growth? india? where are the real exciting opportunities? i guess latin america is also something to discuss. >> we're investing disproportionately in the emerging markets, particularly in places like china. when you think about the opportunity, right now there's about 150 million people in the s-1, premium market. we see that probably expanding by three-fold over the next 10 to 20 years. over there as well, when you've got the emerging middle class
but are you going to have to raise prices because of this tax? >> no. we expect it's fwoing to be absorbed in the business. you think about the pressure that's on health care right now. we don't think it's necessarily going to be able to be passed through. so as a result we're going to have to be more effective, more efficient. we think there's still a tremendous opportunity for us not only here in the developed markets like the united states but particularly in emerging markets as well....
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tax rates. is there a question in your mind, is the earnings -- as to the earnings quality this quarter? >> you know, not really, that was an r & d tax credit that had flow through in terms of year. i remember looking at the core business, i think motorola as you mentioned, it's a little bit of dragging a lead ball on a chain. but the core business is very solid. volume was up 20%, pricing or cpc as people call it, down 4%. that's moderated, and i think the really key message here is that the core business is still in that kind of high teen to 20% growth with stable margins, ebitda margin in the mid-30s range. i think to the point of jon mentioning enhanced campaign, they're trying to equalize the money that advertisers are spending on mobile as it relates to desk top. i think that's starting to work. we saw that a little bit with yahoo. i think we're going to see that with facebook in a couple of weeks. mobile advertising may be in the infancy is really starting to work and that was part of wha
tax rates. is there a question in your mind, is the earnings -- as to the earnings quality this quarter? >> you know, not really, that was an r & d tax credit that had flow through in terms of year. i remember looking at the core business, i think motorola as you mentioned, it's a little bit of dragging a lead ball on a chain. but the core business is very solid. volume was up 20%, pricing or cpc as people call it, down 4%. that's moderated, and i think the really key message here is...
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com and never back down. who believe the american dream doesn't just happen, it's something you have to work for. ♪ we're for those kinds of people. because we're that kind of airline. and we never stop looking for a better way. it's how we've grown into america's largest domestic airline. we are southwest. welcome aboard. >>> all right. maybe this market's lost some of its exuberance over the past few days. maybe we haven't been seeing some of those record highs that become so common that they're almost yawn-worthy. commodities have gotten hammered. and you definitely want to cry when you look at a gold chart or even an oil one. west texas closes at 86. but we also got some super housing start data this week, which is all great news all around. and all because housing punches above its weight in terms of the econo
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com and never back down. who believe the american dream doesn't just happen, it's something you have to work for. ♪ we're for those kinds of people. because we're that kind of airline. and we never stop looking for a better...
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noticing that the effective tax rate that google's reporting is actually 8%. that compares with 18%, both last quarter and in the same quarter a year ago. so you've got to wonder how much that low tax rate affected their profitability and eps in that quarter. >> indeed. all right, thank you, all. an important earnings report period just now and wouldn't you know, it's the fast food company that is the only one that beat on the top line, of all three. and it's up 7.5% right now. thank you. >>> coming up, just three days of the tax deadline comes news of a b involving current and former irsit uil you hea wh they did, michelle. >> oh, i'll be shocked. >>> also, we're going to speak exclusively to bb&t ceo about his company's earnings and his bank's trouble with stress tests. >> that and much more coming up on the "closing bell." you are watching cnbc, first in business worldwide. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's
noticing that the effective tax rate that google's reporting is actually 8%. that compares with 18%, both last quarter and in the same quarter a year ago. so you've got to wonder how much that low tax rate affected their profitability and eps in that quarter. >> indeed. all right, thank you, all. an important earnings report period just now and wouldn't you know, it's the fast food company that is the only one that beat on the top line, of all three. and it's up 7.5% right now. thank you....
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> welcome back to "fast." the issue of public safety has been front and center given the developments in boston. gun violence another issue being taken up today. earlier today members of the senate rejecting a plan that would have expanded background checks. president obama is expected to deliver a statement on gun violence shortly. so let's go to john horwood with what we can expect. john, in terms of what we can expect, will that dog tail at all with the situation in boston? >> reporter: i don't think so. we know the president is going to be appearing with members of some families effected in newtown. we keep hearing from the white house, from vice president biden, from the senate democratic leadership that they don't consider this background check issue a dead letter even though it fell six votes short of br
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> welcome back to "fast." the issue of public safety has been front and center given the developments in boston. gun violence another issue being taken up today. earlier today members of the senate...
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com ♪ [ female announcer ] you're the boss of your life. in charge of long weekends and longer retirements. ♪ ask your financial professional how lincoln financial can help you take charge of your future. ♪ >>> welcome back to "fast money," i'm bertha coombs. i want to update you on the latest update from officials in boston on the boston marathon bombing. fbi special agent in charge says they have sifted through some 2,000 tips so far. he talked about the bomb. what went on in the making of those explosive devices. he said they were encased in pressure cookers and he detailed what they have gathered so far from the forensic evidence. >> among items partially recovered are pieces of black nylon which could be from a backpack. and what appear to be fragments of bbs and nails possibly contained in a pressure cook
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com ♪ [ female announcer ] you're the boss of your life. in charge of long weekends and longer retirements. ♪ ask your financial professional how lincoln financial can help you take charge of your future. ♪ >>>...
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com (announcer) at scottrade, our cexactly how they want.t with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. awarded five-stars from smartmoney magazine. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. no they don't. hey son. have fun
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com (announcer) at scottrade, our cexactly how they want.t with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local...
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is this a tax day revolt, patriot day revolt? characterize it some more for us. what does a domestic terrorist mean? >> if i was going to put money on it, i would say it is somebody who would call themselves a militia, patriot, tax day rebellion person. could be clear, it could, of course, be some self radicalized who is upset about foreign events and internationally. but the linkage to an international group and to, again, for example, training overseas and pakistan and north africa or yemen, it seems very unlikely there is something on that scale that's happened in this particular event. >> it seems to me that this is a little bit premature. we've had this after previous terrorist attacks where there is this rush to blame necessarily, you know, right wing militia groups. but in fact doesn't turn out that way. and there have certainly been al qaeda sympathizers or radical islamists who may not be officially attached who have little professional expertise in their failed attempts, their thwarted attempts at terrorism. so to conclude simply because it wasn't -- di
is this a tax day revolt, patriot day revolt? characterize it some more for us. what does a domestic terrorist mean? >> if i was going to put money on it, i would say it is somebody who would call themselves a militia, patriot, tax day rebellion person. could be clear, it could, of course, be some self radicalized who is upset about foreign events and internationally. but the linkage to an international group and to, again, for example, training overseas and pakistan and north africa or...
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com no they don't. hey son. have fun tonight. ♪ ♪ back against the wall ♪ ain't nothin to me ♪ ain't nothin to me [ crowd murmurs ] hey! ♪ [ howls ] ♪ turn of event in the last 11 hours in the boston area. what you are looking at are pictures moments ago of the police and local law enforcement officials focusing in on what we believe is a home in watertown, massachusetts. this is where they have tracked down where this man hunt that has taken place has led them. this is a man hunt to chase a terror suspect in the boston marathon bombings. his brother, we believe they were two brothers who dhaerd out. his brother was killed earlier today running from police. we do -- we have been watching all of this and are watching now as this develop, but please, just in the last half hour have focussed in on a home in
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com no they don't. hey son. have fun tonight. ♪ ♪ back against the wall ♪ ain't nothin to me ♪ ain't nothin to me [ crowd murmurs ] hey! ♪ [ howls ] ♪ turn of event in the last 11 hours in the boston area. what...
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> there was a car jacking that took place, as well, in cambridge involving a mercedes suv. that car was ultimately discovered here in watertown and is pursued by the watertown police department. the pursuit went into a residential neighborhood not far from here where there was an exchange of gunfire between watertown police, nbta police officer and is two suspects in this suv. during the course of that pursuit, several explosive devices were discharged from the car at the police officers. in the exchange of the gunfire, we believe that one of the suspects was struck and ultimately taken into custody. a second suspect was able to flee he from that car and there is an active search going on at this point in time. an mbta police officer was struck during that exchange of gunfire and is currently at the hospital in
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> there was a car jacking that took place, as well, in cambridge involving a mercedes suv. that car was ultimately discovered here in watertown and is pursued by the watertown police department. the pursuit...
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com lets you jump backwards and forwards in time to capture the perfect shot. blackberry z10 with time shift. built to keep you moving. see it in action at blackberry.com/z10 >>> welcome back to the program. there you are looking at sarah ferguson. one of the many guests attending the funeral today in london for margaret thatcher. more than 2,000 guests are expected at st. paul's cathedral just up the road from our cnbc stud yeaio here. it's the first time i believe that a lot of people will be seeing the inside of this cathedral since princess diana was married there a couple decades ago. it's certainly one of the biggest and most important funerals the u.k. has seen since churchill passed in 1965 and first time the queen will be in well. there's 10 downing street as we show you some of the crowds gathering. it look
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com lets you jump backwards and forwards in time to capture the perfect shot. blackberry z10 with time shift. built to keep you moving. see it in action at blackberry.com/z10 >>> welcome back to the program. there...
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> u.s. prosecutors are prepping charges against dzhokar tsarnaev. investigators won't say whether they've been begun questioning him in the hospital. he's unable to speak after being shot in the throat. fbi wants to speak with his wife's older brother -- i'm sorry, with his older brother who was killed in the shoot-out thursday night. dr. collins is here, head of north american maple croft. welcome. so, look, first of all, how complicating will this be for the investigation if they're unable to get him to speak? it sounds as though he's beginning to write. >> yes. thanks for having me on this morning. it's important in the beginning context and for this instance. so this is the first islamist attack on the united states since 9/11. in 2006, we had the liquid bomb plot that was foiled. and there's the underwear
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> u.s. prosecutors are prepping charges against dzhokar tsarnaev. investigators won't say whether they've been begun questioning him in the hospital. he's unable to speak after being shot in the throat. fbi...
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ge has wired their medical hardware with innovative software to be in many places at the same time. using data to connect patients to software, to nurses to the right people and machines. ♪ helping hospitals treat people even better, while dramatically reducing waiting time. now a waiting room is just a room. [ telephone ringing ] [ static warbles ] [ beeping ] red or blue? ♪ >>> welcome back to the program. barclays just reported a drop in first quarter profit fell shy of estimates and was hit by the new restructuring plan. the bank took charges of 500 million pounds during the period related to plans to scale back the banking portfolio. barclays shares are up 1.5% on a day when most european stocks are higher. credit su
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ge has wired their medical hardware with innovative software to be in many places at the same time. using data to connect patients...
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and in the united states, we have a tax code that is not designed to incent investment, which produces jobs and gdp growth, and hopefully we'll change that soon. >> international priority shipping saw a decline in what you charge per package to ship. what does that tell you about the global economy outside of the u.s.? >> well, i think what people are doing with the price of fuel, and this goes to larry fink's remarks a few moments ago, about the prospects for mexico, as it costs more to move goods, off a the price of fuel, they make price service trade downs, so our economy shipping was growing quite nicely. we simply have to adjust capacity and got a little out of phase with that. but it's not by accident that, again, referencing what larry said a couple years ago, we bought a wonderful company in mexico, which is now a big part of the fedex portfolio, because we believe there's be a lot of near shoring and the nafta trades will be quite strong. >> yeah, i am loving this mexico story. you're investing in mexico as well, really interesting. fred, let me get your take on the tragedy in
and in the united states, we have a tax code that is not designed to incent investment, which produces jobs and gdp growth, and hopefully we'll change that soon. >> international priority shipping saw a decline in what you charge per package to ship. what does that tell you about the global economy outside of the u.s.? >> well, i think what people are doing with the price of fuel, and this goes to larry fink's remarks a few moments ago, about the prospects for mexico, as it costs...
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business >>> welcome back to the program. here is a look at how stock res trading, to the up side. we are seeing increases throughout the trading session. yesterday was a different story. we started out okay and rapidly sold off. germany in particular was weak. eegan jones did dowde country to an a from an a plus. the xetra dax today after shedding better than 2% yesterday, which is a huge move for this index, rebounding by about 0.4%. small gains seen elsewhere, the ftse mib in italy up about 0.6%. keeping an eye on the presidential election process. that is currently under way. here is a look at the bond space. when it comes to the ten-year rates, we're also seeing a similar story with the one exception of germany. so generally speaking, risk sentiment doing okay this morning. yields falling to 4.65%. 4.23% respectively. we've been sittin
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business >>> welcome back to the program. here is a look at how stock res trading, to the up side. we are seeing increases throughout the trading session. yesterday was a different story. we started out okay and rapidly sold off. germany in...
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Apr 17, 2013
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important to recognize that what american express is probably getting hit on here is what's happening with tax rates, happened in the first quarter of this year, and the other issue that's really occurring is i think businesses are still holding back on spending. significant percentage of their revenue comes from businesses. and you know, on the long-term, also, we have to be very, very aware, american express, on the long-term, is going to -- >> they're having a fire drill here at the new york stock exchange. >> it was scheduled. >> pre-scheduled, exactly. it was scheduled already. so ignore the noise here happening around me. >> okay. >> very quickly, i want to get to bruce mccain as well, michael. finish your thought. >> my thought was, you have to be careful about companies like paypal, all these other very inexpensive swaywaways to colle money, it will be a hit on american express margins, eventually. >> bruce mccain, do you want to buy on these dips we've been seeing, or is it time to start taking money off the table at these levels? >> i think you need to wait a little bit. part of it i
important to recognize that what american express is probably getting hit on here is what's happening with tax rates, happened in the first quarter of this year, and the other issue that's really occurring is i think businesses are still holding back on spending. significant percentage of their revenue comes from businesses. and you know, on the long-term, also, we have to be very, very aware, american express, on the long-term, is going to -- >> they're having a fire drill here at the...
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Apr 18, 2013
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click, your tax is paid. i don't know. >>> still ahead, the building of the biggest container ships to roam the world. and the man who's paying $190 million for each of them. the maersk ceo nils andersen will join us here live at post 9. >>> what will twitter music mean for the likes of pandora? back in two. but i wondered what a customer thought? describe the first time you met. you brought the flex in... as soon as i met fiona and i was describing the problem we were having with our rear brakes, she immediately triaged the situation, knew exactly what was wrong with it, the car was diagnosed properly, it was fixed correctly i have confidence knowing that if i take to ford it's going to be done correctly with the right parts and the right people. get a free brake inspection and brake pads installed for just 49.95 after rebates when you use the ford service credit card. did you tell him to say all of that? no, he's right though... omnipotent of opportunity. you know how to mix business... with business. and y
click, your tax is paid. i don't know. >>> still ahead, the building of the biggest container ships to roam the world. and the man who's paying $190 million for each of them. the maersk ceo nils andersen will join us here live at post 9. >>> what will twitter music mean for the likes of pandora? back in two. but i wondered what a customer thought? describe the first time you met. you brought the flex in... as soon as i met fiona and i was describing the problem we were having...
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Apr 17, 2013
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tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. the battle of bataan, 1942. [ all ] fort benning, georgia, in 1999. [ male announcer ] usaa auto insurance is often handed down from generation to generation because it offers a superior level of protection and because usaa's commitment to serve the military, veterans, and their families is without equal. begin your legacy. get an auto-insurance quote. usaa. we know what it means to serve. [ shapiro ] at legalzoom, you can take care of virtually all your important legal matters in just minutes. protect your family... and launch your dreams. at legalzoom.com we put the law on your side. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before o
tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. the battle of bataan, 1942. [ all ] fort benning, georgia, in 1999. [ male announcer ] usaa auto insurance is often handed down from generation to generation because it offers a...
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >>> you're watching cnbc "squawk on the street" live from the financial capital of the world. the opening bell, and the earnings have been checkered. europe, though, has had a dramatic morning especially the dax. >> look, europe is -- if they're not going do anything to
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together...
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Apr 18, 2013
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com acceler-rental. at a hertz expressrent kiosk, you can rent a car without a reservation... and without a line. now that's a fast car. it's just another way you'll be traveling at the speed of hertz. >>> welcome back to "squawk." let's get down to the new york stock exchange. our good friend jim cramer joins us now. good morning, jim. if jim is there. there he is. do you hear jim? >> no, there's no audio. now do you hear us? we are here on the tv. here we are. i don't know if we can get to jim or not, but it sounds like we can't. in the meantime, we'll go to a break, come back and see what we can do. >>> when we come back we'll talk about the stock of the day. we'll be right back. ideas, goals, appetite for risk. you can't say 'one size fits all'. it doesn't. that's crazy. we're all totally different. ishares core.
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com acceler-rental. at a hertz expressrent kiosk, you can rent a car without a reservation... and without a line. now that's a fast car. it's just another way you'll be traveling at the speed of hertz. >>> welcome...
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Apr 24, 2013
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doing a lot taxes the creative side of it. so monday night, just two nights ago, we premiered you mentioned it on sundance, a series called rectify, which is from the producers of "breaking bad." >> i am told -- this is -- the edge, the bleeding edge, this is going to be the next big -- >> "the killing" season three is coming back. >> have you seen "the killing"? >> i haven't. i want to ask about netflix and thinking about "house of cards" and this idea of binge viewing. people binge view -- >> i've binged. >> on "breaking bad" or "walking dead." >> i dvred the entire season. the whole thing and watched that if three days. >> i think the model of releasing an entire series at once makes sense because like "house of cards" had a lot of buzz, but people didn't have the same shared experience on monday morning when we can all talk about it. >> so we just with "rectify," which we talked about monday night, we actually put it on demand, two episodes before it went on to premiere so people could mini binge. we actually put it in 16
doing a lot taxes the creative side of it. so monday night, just two nights ago, we premiered you mentioned it on sundance, a series called rectify, which is from the producers of "breaking bad." >> i am told -- this is -- the edge, the bleeding edge, this is going to be the next big -- >> "the killing" season three is coming back. >> have you seen "the killing"? >> i haven't. i want to ask about netflix and thinking about "house of...
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com [ male announcer ] here at optionsxpress, our clients really seem to appreciate our powerful, easy-to-use platform. no, thank you. we know you're always looking for the best fill price. and walk limit automatically tries to find it for you. just set your start and end price. and let it do its thing. wow, more fan mail. hey ray, my uncle wanted to say thanks for idea hub. o well tell him i said you're welcome. he loves how he can click on it and get specific actionable trade ideas with their probabilities throughout the day. yea, and these ideas are across the board -- bullish, bearish and neutral. i think you need a bigger desk, pal. another one? traders love our trading patterns, now with options patterns. what's not to love? they see what others are trading -- like the day's top 10 options trades by volume -- a
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com [ male announcer ] here at optionsxpress, our clients really seem to appreciate our powerful, easy-to-use platform. no, thank you. we know you're always looking for the best fill price. and walk limit automatically tries...
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Apr 19, 2013
04/13
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com but i wondered what a i tcustomer thought? is great, hi nia... nice to meet you nia, i'm mike. what do you drive? i have a ford explorer, i love my car. and you're treating it well? yes i am. there are a lot of places you could take your explorer for service, why do you bring it back to the ford dealership? they specifically work on fords. it seems to me like the best care. and it's equal or less money, so it's a value for me. get a free brake inspection and brake pads installed for just 49.95 after rebates when you use the ford service credit card. who doesn't enjoy value? at a hertz expressrent kiosk, you can rent a car without a reservation... and without a line. now that's a fast car. it's just another way you'll be traveling at the speed of hertz. the east coast this morning and that means we are getting clo
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com but i wondered what a i tcustomer thought? is great, hi nia... nice to meet you nia, i'm mike. what do you drive? i have a ford explorer, i love my car. and you're treating it well? yes i am. there are a lot of places you...